PCCW Restricted (PCCWY) Q2 2026 Earnings Name Ready Remarks Transcript

Operator

Women and gents, welcome to the PCCW 2026 Interim Outcomes Announcement. Presenting immediately are Ms. Susanna Hui, Group Managing Director and Group CFO; and Mr. Marco Wong, Head of Investor Relations. Over to Susanna, please.

Hon Hing Hui
Govt Director, Group Managing Director & CFO

Whats up, everybody. Thanks for attending the outcomes briefing of PCCW for the Interim 2026. So for the primary 6 months, we have now delivered very stable execution as an AI-enabled telecom-anchored TMT platform, underpinned by the steady money circulation generated from HKT, advancing AI transformation throughout a number of enterprise traces, subscriber progress on our regional OTT platform, sustained resilience on our home Free TV view enterprise and increasing traction within the artist administration and occasion enterprise, constructing a stronger momentum into the second half.

Translating into numbers, you may see right here that our consolidated income reported a 7% progress to USD 2.59 billion and an EBITDA rising by 3% to USD 793 million. That is primarily contributed by a stable 8% year-on-year income progress from HKT aspect with a corresponding 3% progress in EBITDA, plus additionally an 8% progress in our Free TV enterprise in addition to a comparatively steady OTT turnover.

On the again of this efficiency, the Board has declared an interim dividend of HKD 0.0977 per share. Whereas PCCW continued to learn from HKT’s regular progress and distribution upstream, we’ll undertake a disciplined dividend coverage, prioritizing monetary energy for sustainable progress whereas additionally striving to supply steady returns for shareholders.

Allow us to now take a deeper dive into the respective companies. Firstly, our regional OTT